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UNSOLD STOCK AT THE CLOSING DATE WITH THE CONSIGNEE6. Mr X of Patna sent on 1.1.06. 100 fans costing Rs. 1,000 each to Mr Y of Kolkata onconsignment basis. Mr X paid Rs. 1,000 as freght and Rs. 500 as insurance charges. MrY received the consignments on 15.2.06.On 31.12.06, Mr Y sent an Account sales to Mr X stating that Mr Y was able to sellonly 80 Fans @ Rs. 1,800 each. Mr. Y enclosed the Bank draft with the Account Salesfor the amount due to Mr X after deducting the following charges.Godown rentRs. 2,000- Fire insurance premiumRs. 500Salesman's salary - Rs. 1,000 and commission @ 10%Show Consigment Account in the books of Mr X.[2006(New)] |
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